At the Pipe Metallurgic Company (TMK) annual meeting June 19 the holders approved the payment of the 2013-final dividends in the volume of 731.317mln rub. (0.78 rub./pcs), the company informed.

With respect to the IH intermediate dividends (975.09mln rub.) the total amount of the dividends reached 1.706bn rub.

Earlier, TMK BOD nominated A.Chubais, ROSNANO head, as BOD candidate but the latter asked to postpone this voting due to the new investment project between two companies being still at an initial stage only.

Ernst & Young was affirmed as an auditor.
TMK (TIN 7710373095) is the largest maker of pipes in Russia. Its entities cover 44% of the native market including 60% of the pipes for the oil/gas complex. The delivery was increased 5% to come to 3.227mln ton from 3.088mln ton.

The major beneficiary is D.Pumpyansky. The share capital is worth 8.73bn rub. split in 873001000 common stocks of 10 rub. par. One GDR is equal to 4 common stocks.

The 2013-net profit moved down (IAS) 22.66% to $215mln from $278mln prior year; revenues dropped 3.83% to $6.432bn from $6.688bn; pretax profit

- 22% to $312mln from $400mln; EBITDA - 7.39% to $952mln from $1.028bn; EBITDA margin remained unchanged at 15%.